Harraden Circle Investments LLC Takes $9.05 Million Position in HCM Acquisition Corp $HCMA

Harraden Circle Investments LLC purchased a new position in shares of HCM Acquisition Corp (NASDAQ:HCMA) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 896,001 shares of the company’s stock, valued at approximately $9,054,000. HCM Acquisition comprises 1.7% of Harraden Circle Investments LLC’s investment portfolio, making the stock its 23rd largest holding. Harraden Circle Investments LLC owned 6.34% of HCM Acquisition at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of HCMA. DLD Asset Management LP purchased a new stake in HCM Acquisition in the third quarter worth $104,000. JPMorgan Chase & Co. purchased a new position in shares of HCM Acquisition during the 3rd quarter valued at $251,000. HighTower Advisors LLC bought a new position in shares of HCM Acquisition during the 3rd quarter worth $1,339,000. Wolverine Asset Management LLC bought a new position in shares of HCM Acquisition during the 3rd quarter worth $4,131,000. Finally, Context Capital Management LLC purchased a new stake in HCM Acquisition in the 3rd quarter worth about $5,052,000. Hedge funds and other institutional investors own 11.79% of the company’s stock.

HCM Acquisition Trading Up 0.1%

HCM Acquisition stock opened at $10.11 on Thursday. The firm has a 50 day simple moving average of $10.13 and a 200 day simple moving average of $9.39. HCM Acquisition Corp has a 1-year low of $10.03 and a 1-year high of $10.49.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e)” rating on shares of HCM Acquisition in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, HCM Acquisition currently has a consensus rating of “Sell”.

HCM Acquisition Profile

HCM Acquisition Corp. is a Delaware‐incorporated special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more target businesses. The company raised capital through its initial public offering and is listed on the Nasdaq under the ticker HCMA. As a blank check vehicle, HCM Acquisition holds its funds in trust until it consummates a qualifying merger, share exchange, asset acquisition or other business combination.

The SPAC is sponsored by affiliates of Healthcare Capital Management LLC, a Los Angeles‐based investment firm with experience in healthcare and life sciences investing.